2018 BHD to MKD Historical Review

YEARLY HIGH

144.9022 MKD

YEARLY LOW

130.5698 MKD

YEARLY AVERAGE

138.2575 MKD

2018 BHD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BHD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 144.9022. Conversely, the yearly low was recorded on February 1, dropping to 130.5698.

This high-to-low spread represents a total annual volatility of 14.3323 MKD. From a start-to-finish perspective, comparing the January average rate of 133.9289 to the December average rate of 143.5349, the exchange rate registered a net change of 7.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 144.9022 was down 7.57% compared to the 2017 peak of 156.7627, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BHD based on timing:

Yearly Peak High 724,511 MKD

2017 Average 724,169 MKD

Yearly Trough Low 652,849 MKD

Transaction Impact: A difference of 71,661.56 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

144.7778

131.1903

JanuMarcMayJulySeptNove

BHD to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 134.8239, compared to 141.6911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.8672 points.

H1 Avg (Jan–Jun) 134.8239

H2 Avg (Jul–Dec) 141.6911

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 5.9723 MKD (High: 141.2856 / Low: 135.3134). On the other end, July was the most stable month, with a tight range of 2.0062 MKD (High: 139.8612 / Low: 137.8550).

May Spread (Volatile) ±5.9723

July Spread (Stable) ±2.0062

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.6063 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.6063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 143.6455) against the same month in 2017 (average: 138.9419), the exchange rate shifted by +4.7036 (+3.39%).

2018 Avg (November) 143.6455

2017 Avg (November) 138.9419

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	136.9047	131.4914	133.9289
February	133.9499	130.5698	132.3226
March	133.3289	131.0723	132.4275
April	135.1970	131.8668	133.0945
May	141.2856	135.3134	138.0654
June	140.8991	137.7361	139.1045
July	139.8612	137.8550	139.0902
August	143.9835	139.4516	141.4584
September	141.3679	138.6872	140.2020
October	144.2742	140.7930	142.2158
November	144.9022	142.4353	143.6455
December	144.6989	142.4898	143.5349